SAN FRANCISCO (Reuters) – Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) is seeing a sales lift from new efforts to get more shoppers buying online while still visiting physical stores, Joel Anderson, chief executive of Walmart.com, the ecommerce arm of the world’s largest retailer, said on Wednesday.
Wal-Mart launched Pay with Cash in late April, allowing customers to order on its website and pay at a store within 48 hours.
SAN FRANCISCO, June 5 (Reuters) – In the aftermath of the
Facebook IPO, investor outrage – and lawsuits – have focused on
“whisper” estimates of future results that underwriters shared
only with some clients.
The selective disclosures appeared to expose a regulatory
loophole, and some bankers and securities lawyers now say relief
could come from a surprising quarter.
SAN FRANCISCO, June 1 (Reuters) – Groupon Inc (GRPN.O: Quote, Profile, Research)
slumped on Friday as an initial public offering lock-up on stock
sales by insiders of the world’s largest daily deal company
At one point the stock dropped more than 10 percent,
triggering a circuit breaker that paused trading briefly and
limited short sales.
SAN FRANCISCO (Reuters) – Google Inc unveiled major changes to its shopping business on Thursday that will likely prove controversial in the e-commerce world.
Starting in the fall, product search results for users in the United States will be influenced by how much retailers and advertisers pay, a company executive said. In the past, product search results were based mainly on relevance and the program was free.
SAN FRANCISCO, May 31 (Reuters) – LivingSocial, the world’s
second-largest daily deal company, signed an exclusive
partnership with Philip Anschutz’s AEG business to offer members
access to live events run by the entertainment giant.
LivingSocial’s more than 60 million members will be able to
buy vouchers for AEG events and get access to unique packages,
such as VIP access or early admission at AEG venues, said Doug
Miller, senior vice president of new business initiatives at
SAN FRANCISCO, May 29 (Reuters) – Facebook Inc (FB.O: Quote, Profile, Research) shares
slid below $29 to a new low on Tuesday as nervous investors fled
the company’s shares, concerned about the social network’s
long-term business prospects and an initial offering price that
proved too rich.
Shares of the No. 1 social network fell 10 percent to an
all-time low of $28.65, before recovering slightly to $29.01.
Since its market debut on May 18, the eight-year-old company has
shed approximately $25 billion in value — roughly equivalent to
the market capitalization of Morgan Stanley (MS.N: Quote, Profile, Research), the lead
underwriter of Facebook’s IPO.
SAN FRANCISCO (Reuters) – Facebook Inc shares slid below $30 to a new low on Tuesday as nervous investors fled the company’s shares, concerned about the social network’s long-term growth prospects and an initial offering price that in retrospect may have been too rich.
Shares of Facebook fell nearly 9 percent to $29.05 in midafternoon trade, an all-time low. The eight-year-old company, which began life in Mark Zuckerberg’s dorm room, has now shed more than $20 billion in value since its controversial and glitch-ridden market debut at $38 on May 18.
SAN FRANCISCO, May 29 (Reuters) – Shares of Facebook Inc
(FB.O: Quote, Profile, Research) slid to a new low on Tuesday at just above $30, extending
their losing streak since the controversial and glitch-ridden
market debut on May 18.
Stock of the world’s No. 1 social network briefly skirted a
record trough of $30.03 and was down 5.6 percent at $30.12 at
SAN FRANCISCO, May 25 (Reuters) – Groupon Inc is
testing a payments service that lets merchants accept credit
cards at what could be a knock-down price, according to two
people familiar with the matter.
The move puts the world’s largest daily-deals company in
direct competition with eBay Inc’s PayPal, and start-up
Square Inc, partly owned by Visa Inc.
SAN FRANCISCO, May 24 (Reuters) – PayPal unveiled deals with
15 retailers including Toys R Us, J C Penney and Barnes
& Noble, helping the online payment giant expand into
more physical stores.
The deals add to a pact with Home Depot, which began
accepting PayPal in about 2000 stores earlier this year.